Milford Market Update For May

Low interest rates and a shortage of listings continue to fuel urgency and competition amongst buyers. It’s highly likely that additional energy is being created by investors & owner occupiers looking to purchase ahead of the LVR restrictions coming into effect.

Nationally, the number of residential properties sold in February was the highest for the month of February in 14 years. North Shores a less volumes a real so some of the highest seen as depicted below, and in February despite 4 days of a level 3 lockdown there were 460 sales, up 36.4% on the same period last year. This also demonstrates the ability for both salespeople and the public to adapt with technology and continue to transact despite lockdowns.